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TrendMagiX PRO MT5

TrendMagiX PRO

 

Unique trend trading algorithm with advanced filtering and many features which should become a part of your trading arsenal.

This indicator can give you also trading advisors (with take profit target), success rate scanner and much more.

TrendMagiX PRO comes with built-in multi-pair and multi-timeframe scanner which is fully adjustable. User can select own symbols and time-frames to monitor.

+ ALL the features of standard TrendMagiX indicator: https://www.mql5.com/en/market/product/45326

Important information

For additional detailed information you can follow this page: https://747trading.com/product/trendmagix-pro-mt5/

To share ideas, settings and get best from community you can follow the Telegram channel: https://t.me/developments747channel


Features

  • Easy to use (just drag and drop to the chart)
  • built-in multi-timeframe and multi-pair scanner
  • Possible to use with any trading instrument
  • Possible to use on any time-frame
  • Take profit advisors
  • Success rate calculator
  • Fully adjustable
  • Trend detection alerts and notifications
  • Possible to use with an Expert Advisor via iCustom function
  • Unique algorithm for the trend detection


Important Parameters

  • MainPeriod - Number of bars for main trend calculation
    • Usual values from 4 to 10 for entering trades - better follows short term trend
    • Usual values from 15 to 30 for longer term trend filtering
  • MainFilter - Filtering number for trendline smoothing
    • Usual values from 10 to 60
  • ConfirmDistance - Number of bars that confirms trend direction
    • Usual values from 3 to 6
  • ReverseFilter - Filter for better stability of signal change detection
    • Usual values from 50 to 200
  • AutomaticTPRange - Set automatic Take Profit range (multiplier to calculate Take profit distance)
    • Usual values from 1 to 4
  • MaxProcessedBars - Number of processed bars to calculate all statistics 
  • ManualTakeProfit - You can set manual take profit in points
    • if number is higher than 0 - Automatic take profit calculation is not performed and Indicator uses manual take profit for all the statistics


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